Noida Toll Bridge Co (BOM:532481) ROCE % : -13.86% (As of Dec. 2023)

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What is Noida Toll Bridge Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Noida Toll Bridge Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.86%.

Noida Toll Bridge Co ROCE % Historical Data

The historical data trend for Noida Toll Bridge Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Noida Toll Bridge Co ROCE % Chart

Noida Toll Bridge Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-11.06

-7.84

-11.50

-14.13

-14.32

Noida Toll Bridge Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-12.88	-20.66	-14.39	-14.95	-13.86

Noida Toll Bridge Co ROCE % Calculation

Noida Toll Bridge Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-382.095	/	( ( (4029.765 - 1247.389)	+	(3822.59 - 1268.831) )	/ 2 )
	=	-382.095	/	( (2782.376	+	2553.759)	/ 2 )
	=	-382.095	/	2668.0675
	=	-14.32 %

Noida Toll Bridge Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-328.996	/	( ( (3621.681 - 1248.415)	+	(0 - 0) )	/ 1 )
	=	-328.996	/	( ( 2373.266	+	0 )	/ 1 )
	=	-328.996	/	2373.266
	=	-13.86 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Noida Toll Bridge Co (BOM:532481) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Noida Toll Bridge Co ROCE % Related Terms

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Noida Toll Bridge Co (BOM:532481) Business Description

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NOIDATOLL:India

Address

DND Flyway, Toll Plaza, Noida, UP, IND, 201301

Website

https://www.ntbcl.com

Noida Toll Bridge Co Ltd is an infrastructure company. It develops, establishes, constructs operates, and maintains a project relating to the construction of the Delhi Noida Toll Bridge under the Build, Own, Operate and Transfer basis. The Delhi Noida Toll Bridge comprises the Delhi Noida Toll Bridge, adjoining roads and other related facilities, the Mayur Vihar Link Road, and the Ashram flyover which has been constructed at the landfall of the Delhi Noida Toll Bridge. The company operates only in India. It generates revenue from tolls, advertising, interest, license fees, and other sources. The majority of the revenue is generated from spaces available for advertisement.

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